Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Saturday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Down 6.5 %

CMCT stock opened at $0.25 on Friday. The company has a 50 day moving average of $0.69 and a two-hundred day moving average of $4.25. Creative Media & Community Trust Co. has a 12-month low of $0.22 and a 12-month high of $44.01. The company has a market cap of $3.27 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $27.46 million for the quarter. During the same period last year, the firm posted ($6.66) EPS. On average, equities analysts anticipate that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its position in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares during the last quarter. Jane Street Group LLC grew its position in Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the last quarter. International Assets Investment Management LLC grew its position in Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 109,425 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Creative Media & Community Trust Co. in the 4th quarter worth $49,000. Finally, XTX Topco Ltd acquired a new stake in Creative Media & Community Trust Co. in the 4th quarter worth $84,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.